Hirtle Callaghan & Co LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 30,000 shares of the company's stock, valued at approximately $1,774,000.
A number of other hedge funds also recently made changes to their positions in the stock. Cullen Frost Bankers Inc. purchased a new stake in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at about $25,000. Sound Income Strategies LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at approximately $40,000. Sugarloaf Wealth Management LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter valued at $40,000. Eastern Bank bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at $57,000. Finally, Blue Trust Inc. raised its position in First Trust NASDAQ Rising Dividend Achievers by 2,807.1% in the 4th quarter. Blue Trust Inc. now owns 1,221 shares of the company's stock worth $72,000 after purchasing an additional 1,179 shares during the period.
First Trust NASDAQ Rising Dividend Achievers Stock Down 2.0 %
Shares of RDVY traded down $1.20 during trading hours on Friday, hitting $58.03. The company had a trading volume of 1,531,740 shares, compared to its average volume of 773,474. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $52.78 and a 52-week high of $64.63. The stock's 50 day moving average price is $60.99 and its 200 day moving average price is $60.64. The firm has a market cap of $13.20 billion, a P/E ratio of 14.89 and a beta of 1.14.
First Trust NASDAQ Rising Dividend Achievers Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be paid a $0.2544 dividend. This is a boost from First Trust NASDAQ Rising Dividend Achievers's previous quarterly dividend of $0.19. This represents a $1.02 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Thursday, March 27th.
About First Trust NASDAQ Rising Dividend Achievers
(
Free Report)
The First Trust Rising Dividend Achievers ETF (RDVY) is an exchange-traded fund that is based on the NASDAQ US Rising Dividend Achievers index. The fund tracks an index of 50 large-cap stocks with rising, high-quality dividends. RDVY was launched on Jan 6, 2014 and is managed by First Trust.
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